Canada’s Aluminerie Alouette locks renewable power supply deal
Aluminerie Alouette has secured an agreement which will see it supplied with renewable energy until 2045. The Canadian aluminium producer has an agreement in principle with the province of Quebec to guarantee the power supply of the company.
Aluminerie Alouette also plans to invest $1.5 billion to modernise its aluminium production facilities, to help competitiveness and its efforts in sustainability.
President and CEO of Aluminerie Alouette, Claude Gosselin, said: “Today’s announcement, which we have been working on for several months, paves the way for the coming decades for our current and future employees, our communities and our business partners.
“We sincerely appreciate the collaboration of the Quebec government and Hydro-Quebec [power supplier], for their unwavering confidence in the essential role that primary aluminium plays in the economic vitality of both our region and the province.”
Due to a revised formula, the new agreement will allow for increased returns to Hydro-Quebec when aluminium conditions are strong. These adjustments will come into effect in 2030 after the conclusion of the current contract.
The $1.5 billion investment to modernise Aluminerie Alouette’s facilities will see the company explore areas such as increasing anode and electrolysis efficiency, as well as maximising the use of digital technologies and AI in the casthouse.
Aluminerie Alouette will also invest $15 million over the next 10 years to further support community causes, initiatives and organisations in Sept-Îles, Port-Cartier, and Uashat mak Mani-utenam.
